Managing airport capacity and demand: an economic approach

This paper reviews major research trends and opportunities in airport demand and capacity management from an economic perspective. Airport capacity constraints lead to operational congestion and delays, which have become major threats to the aviation industry. They impose large costs on airlines and...

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Detalles Bibliográficos
Autores: Rodríguez Sanz, Álvaro, Rubio Andrada, Luis
Tipo de recurso: artículo
Fecha de publicación:2022
País:España
Institución:Universidad Autónoma de Madrid
Repositorio:Biblos-e Archivo. Repositorio Institucional de la UAM
Idioma:inglés
OAI Identifier:oai:repositorio.uam.es:10486/734440
Acceso en línea:https://hdl.handle.net/10486/734440
https://dx.doi.org/10.1088/1757-899X/1226/1/012024
Access Level:acceso abierto
Palabra clave:Airport management
Strategic planning
Capacity expansion
Demand uncertainty
Airport development
Economía
Descripción
Sumario:This paper reviews major research trends and opportunities in airport demand and capacity management from an economic perspective. Airport capacity constraints lead to operational congestion and delays, which have become major threats to the aviation industry. They impose large costs on airlines and their passengers. Uncertainty in demand or unexpected events can cause a mismatch between capacity and demand, resulting in either capacity oversupply, with a decrease in efficiency, or airport congestion over an extended period. Moreover, airport capacity is rather difficult to define due to its multi-faceted and dynamic nature, and it depends both on the available infrastructure and on operating procedures. The non-linear relationship between airport capacity and on-time performance offers guidelines for congestion mitigation through demand and capacity management. This paper explores and produces an indepth understanding of the capacity and demand balance problem and provides a roadmap for including economic concepts when evaluating airport capacity expansions